NOT LISTED FOR SALE

71 Dolphin St Destin, FL 32541

Estimated Value: $4,023,741 - $4,265,000

8 Beds
8.5 Baths
5,889 Sq Ft
$701/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $3,500,000 $594 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $24,783/month

80 Days on Market

Highlights

  • Beach
  • In Ground Pool
  • Newly Painted Property
  • Destin Elementary School Rated A-
  • Gulf View
  • Vaulted Ceiling

About This Home

As of September 2021

This unprecedented luxury beach house offers exceptional investment opportunity with gross rental income history-YTD 2021-$388,770+, 2020-$277,645, 2019-$407,309 and 2018-$370,451. This contemporary coastal designed home is perfectly situated in Crystal Beach and provides striking gulf views. Unparalleled amenities include a Watermark built 60,000 gallon private resort style pool, complete with an expansive outdoor living area, sunken swim-up bar with a large flat screen TV, adjoining in-pool spa, concrete picnic table, and outdoor summer kitchen area. This home was perfectly designed to maximize functionality, cascading natural light, and chic contemporary finishes, while affording optimal comfort and living space. The exclusive property boasts of 5,889 square feet across three levels, featuring multiple indoor areas, outdoor living areas, fourth floor rooftop observation deck, private commercial grade elevator, dual master suites with spectacular gulf views, custom built-in bunk beds, eight-zone audio sound system throughout, security camera system, and security-code keypad front entry system. The first floor is laid out with a spacious bunk room, full size laundry area and large bedroom with en suite bath, as well as a game room complete with a custom built boat bar, pool table, built in wet bar, and full size stainless fridge. The second floor is the scenic point of the indoor living space, complete with a voguish contemporary living room featuring pecky cypress ceilings in the living room, floor to ceiling windows providing natural light throughout with captivating gulf views, a built-in entertainment center with floating shelves that is open to the kitchen & dining room, providing an open and functional flow. The kitchen is stunning and features floor-to-ceiling custom cabinetry, Sub-Zero appliances, Wolf professional series gas range, ample storage and is anchored by a massive center island crowned with gorgeous quartz countertops. The second floor also features two full bedrooms with en suite bathrooms, a convenient half bath and access to the second story outdoor dining area that overlooks the resort style pool. The third floor features three full bedrooms, including dual master suites with spacious covered porches, a laundry area, bunk room. This Crystal Beach home has multiple beach access points only steps from the home and is centrally located to Destin's world class fishing, boating, golfing, dining, shopping & entertainment.
Note: Current Vacation Management Company will manage the property for the remainder of 2021 for only 10% management fee & all bookings will transfer to new owner from the day of closing and on including no linen start up, all VRBO / Airbnb & etc., reviews & pictures will remain with the new buyer.
Check out the VRBO link here...

Last Agent to Sell the Property

Bari Group

Berkshire Hathaway HomeServices Listed on: 05/20/2021

Last Buyer's Agent

Jonathan Hill

The Premier Property Group Watercolor Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,891

Year Built

  • Built in 2017

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Back Yard Fenced
  • Sprinkler System

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Beach House
  • Newly Painted Property
  • Exterior Columns
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 5,889 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Furnished
  • Shelving
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Great Room
  • Family Room
  • Dining Area
  • Tile Flooring
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Outdoor Shower
  • Gunite Pool

Outdoor Features

  • Balcony
  • Covered Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Built-In Barbecue

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0580-0002-0140

Community Details

Overview

  • Crystal Beach Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,891

Year Built

Built in 2017

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 50x150
  • Road Surface Type: Paved
  • Subdivision Name: CRYSTAL BEACH
  • Directions: South on Regatta Bay Boulevard from Highway 98, straight through the stop sign on to Dolphin Street. Home is located halfway down the street on the Eastern side of the road.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2017
  • Remarks Misc:Remarks: This unprecedented luxury beach house offers exceptional investment opportunity with gross rental income history-YTD 2021-$388,770+, 2020-$277,645, 2019-$407,309 and 2018-$370,451. This contemporary coastal designed home is perfectly situated in Crystal Beach and provides striking gulf views. Unparalleled amenities include a Watermark built 60,000 gallon private resort style pool, complete with an expansive outdoor living area, sunken swim-up bar with a large flat screen TV, adjoining in-pool spa, concrete picnic table, and outdoor summer kitchen area. This home was perfectly designed to maximize functionality, cascading natural light, and chic contemporary finishes, while affording optimal comfort
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Rooms:Great Room: Yes
  • Rooms:Family Room: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Oven Double, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Elevator, Floor Tile, Furnished - All, Kitchen Island, Lighting Recessed, Newly Painted, Shelving, Wet Bar
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes
  • Appliances:Security System: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior:Shelving: Yes
  • Appliances:Oven Double: Yes
  • Interior:Wet Bar: Yes
  • Appliances:Central Vacuum: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, BBQ Pit/Grill, Columns, Deck Enclosed, Fenced Back Yard, Fenced Privacy, Patio Covered, Patio Open, Pool - Gunite Concrt, Pool - In-Ground, Shower, Sprinkler System, Summer Kitchen
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Columns: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Deck Enclosed: Yes
  • Exterior:Pool - Gunite Concrt: Yes
  • Exterior:Summer Kitchen: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Beach

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 00-2S-22-0580-0002-0140
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 24891.45
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Sep 21, 2021
Sold by
Loml Llc
Bought by
71 Dolphin Street Llc
Seller's Agent
Bari Group
Berkshire Hathaway HomeServices
Buyer's Agent
Jonathan Hill
The Premier Property Group Watercolor Office
List Price
$3,500,000
Sold Price
$3,500,000
Current Estimated Value
$4,127,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$627,435
Avg. Annual Appreciation
3.98%
Original Mortgage
$2,800,000
Outstanding Balance
$2,547,792
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,579,643

Purchase Details

Closed on
Dec 30, 2020
Sold by
Galleon Retreat Llc
Bought by
Eml Gandhi Llc and W&W Vacation Llc

Purchase Details

Closed on
Jul 18, 2017
Sold by
Dolphin North Partners Llc
Bought by
Galleon Retreat Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,000
Interest Rate
3.89%
Mortgage Type
Balloon

Purchase Details

Closed on
May 28, 2015
Sold by
Chandler Sidney N
Bought by
Dolphin North Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 29, 2006
Sold by
Decker Tommy J
Bought by
Chandler Sidney N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$767,350
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
71 Dolphin Street Llc $3,500,000 Attorney
Eml Gandhi Llc $2,097,700 Attorney
Galleon Retreat Llc $2,850,000 Attorney
Dolphin North Partners Llc $300,000 Attorney
Chandler Sidney N $900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 71 Dolphin Street Llc $2,800,000
Previous Owner Galleon Retreat Llc $2,240,000
Previous Owner Dolphin North Partners Llc $150,000
Previous Owner Chandler Sidney N $767,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2021 12/26/21 Off Market $3,500,000 -- --
09/24/2021 09/24/21 Sold $3,500,000 0.0% $594 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $3,500,000 -- $594 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $37,888 $3,518,048 $549,791 $2,968,257
2023 $37,888 $3,418,197 $513,822 $2,904,375
2022 $32,457 $2,693,363 $467,111 $2,226,252
2021 $24,560 $1,977,734 $321,300 $1,656,434
2020 $24,068 $1,923,600 $306,000 $1,617,600
2019 $24,891 $1,962,351 $306,000 $1,656,351
2018 $25,887 $2,016,028 $0 $0
2017 $2,177 $224,400 $0 $0
2016 $2,049 $157,742 $0 $0
2015 $1,957 $147,734 $0 $0
2014 -- $273,079 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 872254

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0580-0002-0140